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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue    
Resident fees$ 575,159$ 557,125$ 1,707,117$ 1,647,714
Management fees3,3361,3396,2464,146
Reimbursed costs incurred on behalf of managed communities37,23317,32572,58450,451
Total revenue615,728[1]575,789[1]1,785,947[1]1,702,311[1]
Expense    
Facility operating expense (excluding depreciation and amortization of $54,227, $54,070, $155,206 and $158,277, respectively)381,414368,9361,118,6101,077,311
General and administrative expense (including non-cash stock-based compensation expense of $5,221, $5,823, $14,316 and $15,799, respectively)38,71133,231105,93597,017
Facility lease expense68,31468,090200,694203,514
Depreciation and amortization64,07174,951206,430221,180
Asset impairment0014,8460
Gain on acquisition(3,520)0(3,520)0
Costs incurred on behalf of managed communities37,23317,32572,58450,451
Facility lease termination expense04,61604,616
Total operating expense586,223567,1491,715,5791,654,089
Income from operations29,5058,64070,36848,222
Interest income1,1714412,5691,521
Interest expense:    
Debt(30,433)(33,357)(92,667)(100,540)
Amortization of deferred financing costs and debt discount(4,310)(2,244)(9,024)(7,250)
Change in fair value of derivatives and amortization(1,508)(176)(4,151)(5,023)
Loss on extinguishment of debt, net(715)(856)(18,863)(1,557)
Equity in (loss) earnings of unconsolidated ventures(117)272295788
Other non-operating (expense) income(116)(1,454)260(1,454)
Loss before income taxes(6,523)(28,734)(51,213)(65,293)
(Provision) benefit for income taxes(513)11,821(2,087)24,528
Net loss$ (7,036)$ (16,913)$ (53,300)$ (40,765)
Basic and diluted net loss per share$ (0.06)$ (0.14)$ (0.44)$ (0.34)
Weighted average shares used in computing basic and diluted net loss per share121,616120,404121,232119,817
[1]All revenue is earned from external third parties in the United States.